SelectQuote, Inc. (NYSE:SLQT) Sees Significant Increase in Short Interest

SelectQuote, Inc. (NYSE:SLQT) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,180,000 shares, an increase of 38.9% from the February 13th total of 1,570,000 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 1,890,000 shares, the short-interest ratio is currently 1.2 days.

SelectQuote Trading Down 1.3 %

Shares of NYSE:SLQT traded down $0.05 during trading on Monday, reaching $3.59. The company’s stock had a trading volume of 875,725 shares, compared to its average volume of 1,269,909. The firm’s 50 day simple moving average is $4.41 and its two-hundred day simple moving average is $3.28. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 2.10. SelectQuote has a 12 month low of $1.48 and a 12 month high of $6.86. The stock has a market capitalization of $618.34 million, a PE ratio of -39.91 and a beta of 1.13.

SelectQuote (NYSE:SLQT) last announced its earnings results on Monday, February 10th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.21. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. On average, research analysts predict that SelectQuote will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total value of $272,000.00. Following the completion of the sale, the insider now directly owns 1,166 shares of the company’s stock, valued at approximately $6,343.04. This represents a 97.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SLQT. OneDigital Investment Advisors LLC purchased a new stake in shares of SelectQuote in the fourth quarter worth approximately $46,000. Oppenheimer & Co. Inc. purchased a new stake in SelectQuote in the fourth quarter worth $47,000. Cibc World Markets Corp purchased a new stake in SelectQuote in the fourth quarter worth $47,000. Bayesian Capital Management LP bought a new stake in shares of SelectQuote during the fourth quarter worth $55,000. Finally, Mason Investment Advisory Services Inc. boosted its stake in shares of SelectQuote by 33.3% during the third quarter. Mason Investment Advisory Services Inc. now owns 20,000 shares of the company’s stock valued at $43,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SLQT shares. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a research report on Friday, November 22nd.

SelectQuote Company Profile

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.